Otis Worldwide (BSP:O1TI34) Long-Term Capital Lease Obligation : R$1,414 Mil (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Otis Worldwide Long-Term Capital Lease Obligation?

Otis Worldwide's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$1,414 Mil.

Otis Worldwide's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (R$1,447 Mil) to Dec. 2023 (R$1,431 Mil) and declined from Dec. 2023 (R$1,431 Mil) to Mar. 2024 (R$1,414 Mil).

Otis Worldwide's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R$1,900 Mil) to Dec. 2022 (R$1,652 Mil) and declined from Dec. 2022 (R$1,652 Mil) to Dec. 2023 (R$1,431 Mil).

Otis Worldwide Long-Term Capital Lease Obligation Historical Data

The historical data trend for Otis Worldwide's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Otis Worldwide Long-Term Capital Lease Obligation Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

1,584.34

1,888.11

1,900.05

1,652.30

1,430.74

Otis Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,713.63	1,494.94	1,447.04	1,430.74	1,414.26

Otis Worldwide (BSP:O1TI34) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Otis Worldwide Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Otis Worldwide's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Otis Worldwide (BSP:O1TI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (BSP:O1TI34) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany 4PG:Germany

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Otis Worldwide (BSP:O1TI34) Headlines

No Headlines